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Capitalism, Power and Innovation - Intellectual Monopoly Capitalism Uncovered (Hardcover)
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Capitalism, Power and Innovation - Intellectual Monopoly Capitalism Uncovered (Hardcover)
Series: Routledge Studies in the Economics of Innovation
Expected to ship within 12 - 17 working days
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In contemporary global capitalism, the most powerful corporations
are innovation or intellectual monopolies. The book's unique
perspective focuses on how private ownership and control of
knowledge and data have become a major source of rent and power.
The author explains how at the one pole, these corporations
concentrate income, property and power in the United States, China,
and in a handful of intellectual monopolies, particularly from
digital and pharmaceutical industries, while at the other pole
developing countries are left further behind. The book includes
detailed empirical mappings of how intellectual monopolies develop
and transform knowledge from universities and open-source
collaborations into intangible assets. The result is a strategy
that combines undermining the commons through privatization with
harvesting from the same commons. The book ends with provoking
reflections to tilt the scale against intellectual monopoly
capitalism and arguing that desired changes require democratic
mobilization of workers and citizens at large. This book represents
one of the first attempts to capture the contours of an emerging
new era where old perspectives lead us astray, and the old policy
toolbox is hopelessly inadequate. This is true for the idea that
the best, or only, way to promote innovation is to transform
knowledge into private property. It is also true for anti-trust
policies focusing exclusively on consumer prices. The formation of
global infrastructures that lead to natural monopolies calls for
public rather than private ownership. Scholars and professionals
from the social sciences and humanities (in particular economics,
sociology, political science, geography, educational science and
science and technology studies) will enjoy a clear and
all-embracing depiction of innovation dynamics in contemporary
capitalism, with a particular focus on asymmetries between actors,
regions and topics. In fact, its topical issue broadens the book's
scope to those curious about how innovation networks shape our
world.
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